14440 Frankfort Street, Detroit, MI 48224
- $800,000
- List Price
- $800,000
- Days on Market
- 58
- MLS#
- 20261040893
- Status
- ACTIVE
- Type
- Commercial
Property Description
32-unit apartment building with strong value add potential located in Chandler Park. This property offers a total of 32,934 square feet, with a unit mix of 20 one-bedroom units and 12 two-bedroom units. The seller has already completed major capital improvements in 2021, including new windows, a new roof, and new siding, along with plumbing and electrical updates. The sale also includes 12 newly renovated kitchens, reducing upfront renovation work for the next owner. A recent after-repair value appraisal comes in at 1.9 million. This is an excellent 1031 exchange opportunity with significant upside potential for investors looking to expand or reposition a multifamily asset in a growing area. Call now to schedule a tour!
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Additional Information
- Taxes
- $58,087
- Acres
- 0.75
- Basement
- Basement
- Heating
- Hot Water
- School District
- Detroit
- Water
- Public
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Listing courtesy of Listing Agent: Jiryes Jarrous from Listing Office: Match Realty.
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